Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-10
4 POSITIVE sTATEMENT.
what fhe New YORK. Times Has to
by Assocla;ed Press.l


NV YORK, March 9.-Thc Times
this morning says it is authorized to
announce that the control of the Balti-
more and Ohio Railroad Company has
passed into the hands of Alfred Sully,
Of New York. Mr.. Sully, it says, has
written a contract by virtue of which
President Robert Garrett puts him in
possession. In an article over a column
long the Times says: The possibilities
Il this new control are beyond estima
non. BY the requirement of the Balti-
more and Ohio milroad-one rail
way of the land that has ever
been considered out of the mar
ket-Sully and his friends become
controllers OF what is probably the most
extensive railway system in the world.
II stretches from New York almost to
the uttermost parts OF the South and
far into the West. 1t includes the Cen
ual railroad of New Jersey the Phila
d,lphia and Reading system Rich
mond Terminal and Richmond and
lanyillc properties; East Tennessee,
Virginia and Georgia lines; Central
railroad Of Georgia and now, last of
0li. the Baltimore and Ohio A.; and of
al these properties there is to be
made one great trunk line, with
5000 miles of track. There is no
longer to be any question about how the
Baltimore and Ohio railroad Is to get
800 entrance into New York. The Jer-
s.y Central and Reading lines give that.
The central Of the Baltimore and Ohio
cypress and telegraph companies is in
c.udcd in the transfer. The Times
say, Garrett will remain as president of
tie Baltimore and Ohio railroad.
The TrjJVRo has a story which varies
somewhat from the Times in the mat
tor Of detail, but agrees with 1t upon
the main fact-that Sully, Thomas, and
Bricc and their associates have OBJ
tanned control OF the Baltimore and
Ohio railroad, which now becomes part
OF their Richmond and West Point
system.
1T LOOKS THAT WAY.
NV YORK, March 9.-The EreaiRg
Ioei, in its financial article, says The
attention Of the street and the general
public has been concentrated upon the
progress Of the scheme for the amalga-
nation OF alfadOzen great railroadpro-
Iertics under control of the Richmond
Terminal syndicate, with so much
skepticism about It's success that even
when it Was openly and positively
stated by the members of the syndI-
cate that they had acquired con-
trol OF the Baltimore and Ohio
Teculators and others apparently wait
ed Ton further developments to show
tbc extent OF the whole scheme before
taking much interest in the market.
The prevailing belief is that a settle
utnt Of the telegraph war viii be one
oi the results Of the Jersey Central,
Reading, Baltimore and Ohio, and
lIclmond Terminal consolidation.
TELEGRAPH PROPERTY.
It is acknowledged that the Baltimore
and Ohio would like to part with It's
telegraph property, which, in the pres
Ut state Of the war with the Western
Union, Las been a continual loss to the
Baltimore and Ohio. The Western
Union people would Of course hold OIL
and talk as though they did not want
10 buy but, ON the other hand, Gould
controls over four thousand miles OF
railroad west OF the Mississippi and
south Of 81. Louis. This system of roads
comes TO the Mississippi at two points
VIZ, 81. Louis, where il would con
meet with the Ohio and Mississippi,
controlled by the Baltimore and ONO,
and also at Memphis, where II would
connect with the Richmond Terminal
road, an eastern outlet. and the fine
terminal facilities in jersey CITY ior
these western properties may eventually
have some influence in settling the tele-
graph war II il the further develop
iaent Of these possibilities that the pub
he seemed TO be waiting for to-day;
People here generally have settled
down to the conclusion that the deal has
been effected, aud that Baltimore VIII
become only way.station in the great
railroad system.
MEETING OF THE WEST POINT TERMINAL.
The Executive Committee OF the
Richmond and West Point Terminal
Company met to-day TO consider the
matter Of absorbing the Baltimore ana
Ohio and other systems, Action was
deferred Until tomorrow. y - upacf'
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